For tax purposes, Wisconsin should treat profits from investments the same as income from work. Currently, Wisconsin gives preferential treatment to profits from investments, which results in tax breaks for the best off. Most other states treat profits from investment the same as income from work.
Community Explainer: Rich Get Richer Under Proposed Tax Plan
Four tax proposals are making their way through the state legislature now, which would line the wallets of Wisconsin’s wealthy & overwhelmingly white. We anticipate them getting to the Governor’s desk by the end of the month.